what error?
There was one where the question states that you should use 40% Debt for additional investments. In another question, the fixed capital investment should have been reduced by the amount of the sale of fixed assets, but wasn’t.
good heads up… thanks. but i’ll probably forget and struggle for 30 minutes anyway…
McLeod81 Wrote: ------------------------------------------------------- > There was one where the question states that you > should use 40% Debt for additional investments. > In another question, the fixed capital investment > should have been reduced by the amount of the sale > of fixed assets, but wasn’t. FCInv= Capex - proceeds right?
mwvt9 Wrote: ------------------------------------------------------- > McLeod81 Wrote: > -------------------------------------------------- > ----- > > There was one where the question states that > you > > should use 40% Debt for additional investments. > > > In another question, the fixed capital > investment > > should have been reduced by the amount of the > sale > > of fixed assets, but wasn’t. > > > FCInv= Capex - proceeds > > right? Yep, not on Mock 2 though (or in the solution). It’s like they just forgot to include it…
and the 40% debt thing? you just saw it afterward in the answers?
Yeah, in the answers and on AF.
that sucks… thanks again for the heads up.
No prob
McLeod81 Wrote: ------------------------------------------------------- > There was one where the question states that you > should use 40% Debt for additional investments. > In another question, the fixed capital investment > should have been reduced by the amount of the sale > of fixed assets, but wasn’t. I had the same experience. drove me fcking nuts
yes…mcleod is right… i thought my brain was leaking when i read those questions - i struggled and stuggled to get ANY of their answers - on the debt 40% questin…but just couldn’t…finally guessed and moved on… even the FCinv one - I was wondering why they hadn’t included it in the calculation - but went with the next best thing…watch out for those!
I agree, I spent some time trying to figure out something simple which is FCFF and I just couldn’t get any number to match the answers. I tried to play with the variables, calculated WCinv several times and still no answer, I guessed and got it right. It was the closest thing to my answer. But i agree, they should’ve deducted the proceeds from sale. I really hope the actual exam will be clearer. I think I saw another question that had an explanation that was totally different from the question asked. Anyways, Mock 1 : 67 Mock 2: 75 I thought mock 2 was really tough but doable. Mock 1 was too subjective and many questions didn’t have a clear answer. 4 more days guys, hang in there, the hell is almost over
Mock 1: 61 (actually 61,67) Mock 2: 73 (after correcting CFAI error)
McLeod81 Wrote: ------------------------------------------------------- > There was one where the question states that you > should use 40% Debt for additional investments. > In another question, the fixed capital investment > should have been reduced by the amount of the sale > of fixed assets, but wasn’t. I lost 10-15 minutes because of the first mistake (40% debt) Can you specify the second mistake. I don’t get. Which question are we talking about? Corporate finance, equity??
mock1 -80%. PM needs a super review. i had no clue about active tracking risk being the same as active risk
Mock 1: 60 Mock 2: 70
Mock 1 75%. Swaps threw me and I want to review as efficiently as possible. This CFAI testrack doesn’t seem user-friendly at all! I mean, where can I assess records of my answers ie. question 59 - C… Am I missing something here? Thx in advance…
Mock 1 80. Mock 2 83. I did not improve much after my big review last few days. Averaged 83 in Schweser book 6 before that. I think i missed every single competitive strategy and IPS question. I have no idea how to answer those.
mock 1: 68 mock 2: 83
Mock 1 72% Mock 2 71% Threw out two questions.